Ashok Leyland aiming to cross 35% market share in 2017-18

Kolkata, July 4 (IANS) Ashok Leyland, the flagship of the Hinduja Group, is aiming to cross 35 per cent market share in India’s commercial vehicle market, a top company official said on Tuesday.

“Last year, our market share was around 33 per cent and we are targetting to cross 35 per cent in the current fiscal,” the company’s President (Global Trucks) Anuj Kathuria said here. He said the second largest commercial vehicle manufacturer is focusing on northern and eastern market to gain the two per cent market share.

Kathuria said there was a slowdown in sales in the commercial vehicles market in India in the April-June quarter as the demand came down in the last quarter by 30 per cent as compared with the corresponding quarter last year.